SHARE FROM HUF


This query is : Resolved 

Quick Summary
If you've received a partial share from your Hindu Undivided Family (HUF), it's important to understand its tax implications. While capital receipts are generally not taxable, the specific reasoning behind the transfer is crucial. This discussion also touches upon how to correctly report such transactions in your Income Tax Return (ITR) form, considering the HUF's business income and previous tax payments.

15 October 2023 I hv received partial share from my HUF amounting to Rs. 15 lacs. Whether it is taxable or not.
Also pl guide in which column to show in the ITR form .

15 October 2023 Is this your invested amount...???

16 October 2023 NO, HUF is having Business Income and there are three Members of HUf. Amt tfd from HUf capital account.

18 October 2023 What about the tax paid by the huf...??

17 September 2025 Capital receipts are not taxable, but reasoning matters.


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